Which contract type places full responsibility for performance costs and resulting profit on the contractor?

Which contract type places full responsibility for performance costs and resulting profit on the contractor?

• A. Time-and-materials contracts place full responsibility on the contractor
• B. Incentive contracts place fixed price
• C. Firm-fixed-price contracts: contractor has full responsibility for performance costs and resulting profit
• D. Cost-reimbursement contracts

Answer: (C)